Sentences with phrase «such taxable year»

A contribution under this section may be made with respect to any taxable year at the time of filing a return of the tax established by this chapter for such taxable year.

Any amount payable under this paragraph shall be taken into account in computing the amount of any deduction allowable to the taxpayer for interest paid or accrued during such taxable year.

-- Every person who acquires a life insurance contract or any interest in a life insurance contract in a reportable policy sale during any taxable year shall make a return for such taxable year (at such time and in such manner as the Secretary shall prescribe) setting forth --

«(A) in determining the amount of the net operating loss deduction under section 172 of such shareholder for such taxable year, or

-- Notwithstanding section 646 (d)(2), in the case of a Native Corporation which claims a deduction under this section for any taxable year, the earnings and profits of such Native Corporation for such taxable year shall be reduced by the amount of such deduction.